Section 351 makes it possible for businesses to incorporate tax free, assuming they meet certain requirements. This is great news for business... Read More
If you are the sole owner of an S Corporation and your only employee is your spouse, they may be eligible for fringe benefits such as coffee, soft... Read More
How much square footage of your home do you use for your business? Did you know, the answer to that question varies depending on your calculation... Read More
Are you planning an out of town trip to increase your education at a seminar this year? Luckily, the IRS allows you to expense all business education... Read More
The IRS, generally, wants you to prove two things for all expenses in your business: how you spent the money and the business purpose for the... Read More
An independent contractor is a small business owner’s favorite friend. They are source of temporary employment that can carry you through a... Read More
Did you know that you need to send a 1099 to your independent contractors by year end? An independent contractor who earns over $600 in the calendar... Read More
When you’re setting up your home office, it might seem easy to put a table and chair in a room and claim it to be your work area. However, the IRS... Read More
You love your lease vehicle. It’s fun to drive. It’s still has a “new car smell”. However, the miles are racking up. Plus, you suspect that... Read More
I hate to see business owners give away their money. But it happens all the time. Business owners who try to do their taxes on their own miss out... Read More
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